A significant number of the microfinance loans are made to borrowers for whom tailoring is a major income source .
These loans are then used to
1. Buy a sewing machine
2. Repair sewing machine
3. Purchase consummables / inputs like thread and needles
4. Buy fabric , if the borrower sells readymade garments. Most borrowers specialize in ladies garments.
Aug
23
Tailoring
Aug
22
Electronics repair
A few of the borrowers for microfinance loans are involved in the repair of electrical and electronic appliances.
The loans they have availed will be used to
1. Buy tools and equipment, which will make the repair work easier
2. Purchase consummables / inputs
No defaults in loans so far
Aug
22
Goat rearing
Goat rearing is one of the most popular income generating activities in low income families. Most of the borrowers already have a few goats and will use the loan to purchase a few more kids.
Repayment rate is high for this activity.